Tag: Uruguay
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5 Best Expat Destinations to Avoid the Great Reset and War
In an increasingly uncertain world, many are considering the option of relocating to safer, more stable destinations. The “Great Reset” and global geopolitical tensions have raised concerns about economic security, personal freedoms, and the risks of conflict. For those looking to protect their wealth and embrace a tranquil lifestyle, the right destination can make all…
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Panama Joins Mercosur as an Associate State: A Gateway to New Commercial Opportunities
Panama’s recent entry as an associate state of Mercosur marks a pivotal moment for the nation’s trade and economic ambitions. This milestone not only strengthens Panama’s regional integration but also opens the door to new commercial opportunities across South America’s largest trading bloc. What Does Associate Membership Mean for Panama? Mercosur, comprising Argentina, Brazil, Paraguay,…
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Why Uruguay Remains a Popular Tax Haven
Tax havens are countries or jurisdictions with favorable tax laws that attract foreign investors seeking to reduce their tax liabilities. Historically, popular tax havens have included the Cayman Islands, Luxembourg, and Singapore. But Uruguay, a small nation in South America, has also gained a reputation as a preferred tax destination for many. Here’s a closer…
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Brazilian investment manager, Captalys, launches its first offshore fund
Brazilian investment manager, Captalys, launches its first offshore fund with the support of Apex Fund Services as administrator. Captalys has BRL 1.5BN in AUM and invests in Brazilian private credit. The onshore fund has a six-year track-record (returning 20.2% last year and 19.3% in 2015) and started 2017 positively, gaining 1.7% in January. The recently…
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Tax havens hidden in plain sight
Many of the world’s most secretive tax havens, ranging from Anguilla to Uruguay, are set to open their books to foreign tax by 2017. A year later, dozens more, including Belize, Hong Kong and Singapore, are set to follow suit. Among them is Switzerland, abandoning a tradition of secrecy that dates back at least as…
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Advent International Acquires Largest Bank in Uruguay
Buyout specialist Advent International has completed its $167 million acquisition of Nuevo Banco Comercial SA, the largest commercial bank in Uruguay. The deal was first announced in September and recently won approval from Uruguay’s central bank, the key financial services regulator in that country. Advent had originally predicted that the deal would close in December.…